Question
Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives. Future Demand Alternatives
Given is a decision payoff table and a Sub Decision Payoff Table. Use Minimax Regret as an evaluation criterion to evaluate alternatives.
Future Demand Alternatives Worst Regret
Alternatives Low Moderate High
Small Facility 170 180 200 Small Facility ?
Medium Facility 160 200 220 Medium Facility ?
Large Facility -40 210 310 Large Facility ?
a) The worst regrets for alternative Small Facility is Blank 1 _______
b) The worst regrets for alternative Medium Facility is Blank 2 _________
c) The worst regrets for alternative Large Facility is Blank 3 ___________
d) The best course of action or decision by using Minimax Regret is to select Blank 4_________ facility
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